In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

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There is no doubt that many
people
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prefer to buy their own home
instead
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of renting one in recent times. In
this
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essay, I will explain the reason behind
this
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preference and why I believe
this
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represents a negative development.
Firstly
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, the most difficult aspect of renting a house is the relationship with landlords, so
people
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think that owning their place is the best option to give them freedom.
This
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is because, when someone rents a house, all changes in the decorations and furniture must be approved by the owner, who may not agree with the ideas.
For example
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, even when something should be fixed or modernized in the house, the landlord must be aware of it.
As a result
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, these situations may raise many arguments with landlords, which
people
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try to avoid buying their houses.
On the other hand
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, owning a home is not always a positive development because it can
also
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be dramatically expensive, especially in large cities.
Due to
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the lack of available houses to cover the demand of residents in
such
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places, the prices have recently been rising.
For instance
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, many
people
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have to work long hours and take on extra shifts to cover their housing expenses and sometimes a mortgage is still needed.
As a result
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, the risk of creating a significant debt is high, which may
last
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for over 30 years sometimes.
To sum up
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, buying a home can be an excellent idea for those who look for freedom, but it can
also
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represent a negative development when
people
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don’t have enough money to cover housing expenses.
Submitted by fredpolfernandes on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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